Question
Which section of the Information technology Act, 2000
deals with the Legal recognition of electronic records?Solution
Section 4 Where any law provides that information or any other matter shall be in writing or in the typewritten or printed form, then, notwithstanding anything contained in such law, such requirement shall be deemed to have been satisfied if such information or matter is-- (a) rendered or made available in an electronic form; and (b) accessible so as to be usable for a subsequent reference.
If a purchase return of ₹1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ a...
Which statement is incorrect in the context of comparative financial analysis?
A firm’s net sales are ₹5 crore, and cost of goods sold is ₹3.5 crore. Inventory at the start of the year was ₹80 lakhs and at the end ₹1.2 cr...
A company reports Current Assets ₹6,00,000, Current Liabilities ₹3,00,000, Inventory ₹1,20,000, Cash ₹60,000. What is the company’s Quick Rati...
A firm has sales of Rs. 50,00,000, variable costs of Rs. 30,00,000, and fixed costs of Rs. 10,00,000. It has debt of Rs. 20,00,000 at 10% interest. What...
While preparing cash flow statement, an entity (other than a financial institution) should disclose the dividends received from its investment in shares...
What does the Basic Defense Interval ratio measure?
A company earns â‚ą20,00,000. Capitalisation rate is 10%. Equity capital is â‚ą1,00,00,000 (â‚ą10 each). Dividend payout ratio is 40%. According to Walt...
A company’s share is currently quoted at a market price of ₹120 per share. The company is expected to pay a dividend of ₹12 per share in the next ...
A company has Net Sales of â‚ą1,000 lakhs, Net Profit of â‚ą80 lakhs, Total Assets of â‚ą750 lakhs, and Equity of â‚ą250 lakhs.
Calculate Return ...
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